Stock index futures climbed on Monday as investors anticipated a strong start to the holiday-shortened trading week on Wall Street. Four key stocks drew attention amid earnings reports, regulatory probes, and expansion news: Zoom Video Communications (ZM), Amazon.com (AMZN), Walmart (WMT), and Marvell Technology (MRVL).
Zoom Video Communications Prepares for Q3 Earnings Release
Zoom Video Communications shares faced scrutiny ahead of its third-quarter results scheduled after the market close on Monday. Analysts projected modest growth with earnings per share at $1.44 and revenue reaching $1.21 billion.
The report carried weight for investors tracking the company’s recovery in video conferencing demand.
Amazon Faces Italian Police Searches Over Smuggling Allegations
Amazon.com shares rose 0.9 percent in premarket trading despite reports of Italian police raids on two of its sites. Officers from the Guardia di Finanza tax police and customs agency seized around 5,000 products at a logistics hub in Cividate al Piano, near Bergamo. The action formed part of an investigation into the alleged smuggling of Chinese goods.
Walmart Opens First Branded Store in South Africa
Walmart shares gained 0.3 percent before the opening bell following its direct entry into the African retail market. The company launched its first branded store in Roodepoort, west of Johannesburg, at a mall location. Walmart had previously operated in South Africa through its full ownership of Massmart.
Marvell Technology Gets Hold Rating from HSBC Analysts
Marvell Technology stock climbed 1.3 percent in premarket trade after HSBC Global Investment Research initiated coverage with a Hold rating and $85 price target.
Analysts led by Frank Lee highlighted gains in the AI optical segment, offsetting risks in the application-specific integrated circuits business. They positioned Marvell as an emerging player in artificial intelligence.
